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(+) You must always be careful when trading with binary options brokers, some of them that look to be legit and even are regulated have turned out to be nothing more than boiler rooms and bucket shops.(+) When first dealing with ANY binary options broker first deposit a SMALL minimum deposit for trading.(+) Never take ANY bonuses! After making profits from first trade ask for an immediate withdrawal.(+) If you are called on the phone and asked to make any LARGER deposits ALWAYS say NO.(+) After making a successful withdrawal of first profitable trade + deposit amount you can start to trust the broker.

Trading binary options is a great way to earn money in the Forex market. Because of its simplicity, many traders naturally prefer binary options trading over the traditional, spot Forex trading. However, that doesn’t mean we should get carried away and forget that the binary options industry is still relatively new and still loosely regulated, giving easier opportunities for scammers to commit frauds.

Here are some of the latest warnings that regulatory bodies issued about binary options brokers.

Binary options broker “Binary Uno” was flagged by the British Columbia Securities Commission in Canada as a firm that is not registered and regulated to provide its services on the territories of British Columbia and Canada. The warning comes after the BCSC gathered evidence that Binary Uno was persuading Canadian residents to invest with them.

Leading US binary options exchange Nadex issued a warning against service provider Daily Options (www.dailyoptions.org) after it became known that Daily options representatives requested login credentials from some Nadex clients claiming that they will trade their account for them and multiply their investment quickly. Daily Options claims seem too good to be true and it’s generally best to avoid such offers, especially when the entity offering the services is not regulated as is the case with Daily Options.

Nadex distances itself from Daily Options and requires clients to not share their username and password with anyone because that would be against the client agreement that they’ve signed. Nadex also informs clients that, consequently, they can be subject to sanctions in the event that there is enough evidence showing that they purposefully gave their login credentials to third parties, or could but did not prevent a third party from obtaining their username and/or password.